Self-employed workers, simply because they are self-employed, are required to submit the declaration even if they have not joined. The purchase of an electric car, as well as the installation of charging infrastructure during 2023, can be deducted in this income campaign. The exempt minimum to file the declaration is raised to 15,000. A ruling from the Supreme Court allows the contributions of retirees to labor mutual societies to be adjusted until 1978.
These are some of the new features of the new 2023 income campaign to take into account when submitting the declaration. The best way to do it is with the help of an administrative manager who is the professional prepared, trained and updated for this and will help us make the Personal Income Tax profitable. An increasingly complicated tribute that undergoes modifications year after year, reflected in an increasingly extensive manual. We analyze them in detail with the help of Josep Ribó, president of the Official College of Administrative Managers of Catalonia.
We are once again immersed in the middle of the rental campaign, what are the news this year?
This year 2024 for the year 2023 is a year in which there have been no major changes in terms of the income structure, nor in terms of deductions, there are certain modifications but the structure is the same.
However, one of the most relevant has been the increase in the minimum income that requires filing the declaration. Who is required to submit income tax this year?
Indeed, one of the modifications that has occurred this year is the limit to be declared in the event that there are several payers. In these circumstances, the tax-exempt limit has been raised to 15,000 euros when it was previously 14,000.
There is also some change in withholdings for low incomes and for high incomes. What are these variations?
During the year there have been variations in the calculation of withholdings that will have effects at the time of filing the income tax return. Those who have had the withholding reduced will pay a little more and those who have had it increased will pay a little less, but they are not significantly important figures.
Now the conditions of people who can receive the deduction of up to 1,200 euros for each child under three years of age are also different. What must they comply with?
The maternity deduction has been modified in the sense that previously it could be requested by people who were registered with Social Security or by people who were self-employed or employed. At this time, those who receive a contributory or unemployment assistance pension at the time of the child’s birth can also request this deduction.
Sales of electric cars continue to grow in Spain and this is reflected in income with new deductions. In this sense, derived from this purchase, what can be deduced?
The deduction for purchasing electric vehicles is a great novelty this year. We can deduct 15% of the acquisition value of the new electric vehicle if it is purchased from July 1, 2023 to December 31, 2024, with a maximum base of 20,000 euros. We can also deduct 15% of the amounts paid from July 1, 2023 to December 31, 2024 for the installation in the charging infrastructure, as long as this installation is carried out in a property owned and is not subject to activity. economical.
There are also deductions for housing rehabilitation that improves energy efficiency. What must be taken into account to apply this deduction?
It is important to remember that taxpayers must request the certificates before the reforms and after the reforms, since it is the only way to apply this deduction.
For the self-employed, personal income tax deflation continues to adjust sections to inflation and the limit of some deductions is increased. What are those deductions?
Expenses that are difficult to justify go from 5% of income to 7%, with a limit of 10,000 euros that is maintained from one year to the next. Another important change that exists for the self-employed in the new income campaign is that they are now required to submit the declaration for the simple fact of being self-employed even if they have not had any income.
The limit for reducing contributions to pension plans for the self-employed is also raised again. To as?
Regarding pension plans, the novelty this year is that the self-employed can deduct, in addition to the 1,500 deductible euros, 4,250 euros to complement their pension.
Thanks to a ruling from the supreme court, retirees who made contributions to labor mutual societies can now correct the excess personal income tax.
With respect to the deduction for mutual societies, which is also new this year, following a ruling by the supreme court, mutual members who until 1978 had paid excess personal income tax can deduct it this year and it is already contemplated in the draft the declaration. Additionally, you can request a refund of income from non-prescribed years, that is, from the last four previous years.
Actually, the Income Tax is a complicated tax and proof of this is that the manual published by the Treasury each year has more pages.
It gets more and more complicated, every year there are more nuances and more sentences. It really is a complex tax that the only way to deal with it is with training and professional retraining. At the Official College of Administrative Managers of Catalonia, what we do is recycle and train managers so that they are up to date and have all the necessary information to be able to file the Personal Income Tax declaration correctly. with good attention to the taxpayer.
That is precisely what we need, good attention to the taxpayer.
It is essential that a professional administrative manager helps generate the income tax return to avoid errors, since he is knowledgeable about the tax and is prepared and trained for it.
